Albert Is the Principal Shareholder of a Large Investment Company

question 57

Multiple Choice

Albert is the principal shareholder of a large investment company and holds 45 percent of its common shares,which are valued at $500 000.00.Recently,Albert's company invested heavily in a gold mining company,which fraudulently represented finding and owning a new gold deposit in northern Canada.Albert's company lost a substantial amount of money,with the result that the value of Albert's common shares dropped to $25 000.00.Albert now launches a lawsuit against the gold mining company for the loss in value of his shares.In this case

• A)Albert will be entitled to a quantum meruit claim against the gold mining company.
• B)Albert will recover his loss because his cause of action is in fraud or deceit.
• C)Albert will not recover his loss because he has no claim for damages for a wrong done to his company.
• D)Albert will recover his loss because the court will lift the corporate veil of the gold mining company.
• E)Albert will recover his loss because the court will force the gold mining company to insure his shares.

Understand the distinction between innovation and invention and their respective roles in the business context.

Recognize the importance of patents and other forms of legal protection for inventions and innovations.

Identify the significance of corporate culture in fostering innovation and setting ambitious goals.

Understand the global influence of innovation and the necessity of understanding and adapting to local market problems.

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Definitions:

Carcinoma

A type of cancer that starts in cells of the skin or the tissue linings of organs.

Cholecystolithiasis

An abnormal presence of stones in the gallbladder.

Gallstones

Hardened deposits of digestive fluid that can form in the gallbladder, causing pain, nausea, and sometimes leading to more serious conditions like pancreatitis.

Glomerulonephritis

A category of kidney disease characterized by inflammation of the glomeruli, which are small blood vessels in the kidneys.